Mirae Asset Global Investments Co. Ltd. Has $1.29 Million Holdings in Pacific Premier Bancorp, Inc. (NASDAQ:PPBI)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Pacific Premier Bancorp, Inc. (NASDAQ:PPBI) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,249 shares of the financial services provider’s stock after buying an additional 3,464 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Pacific Premier Bancorp were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PPBI. Versor Investments LP acquired a new position in Pacific Premier Bancorp during the third quarter worth $200,000. Vest Financial LLC bought a new stake in shares of Pacific Premier Bancorp during the 4th quarter worth about $237,000. SteelPeak Wealth LLC acquired a new position in shares of Pacific Premier Bancorp during the 4th quarter valued at about $262,000. Fox Run Management L.L.C. bought a new position in shares of Pacific Premier Bancorp in the 3rd quarter valued at approximately $292,000. Finally, Teza Capital Management LLC lifted its holdings in Pacific Premier Bancorp by 13.6% in the 3rd quarter. Teza Capital Management LLC now owns 13,417 shares of the financial services provider’s stock worth $292,000 after purchasing an additional 1,610 shares during the last quarter. 93.11% of the stock is currently owned by institutional investors and hedge funds.

Pacific Premier Bancorp Stock Down 0.6 %

NASDAQ PPBI opened at $22.13 on Tuesday. Pacific Premier Bancorp, Inc. has a twelve month low of $17.53 and a twelve month high of $30.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $2.12 billion, a PE ratio of 73.77 and a beta of 1.21. The firm has a 50-day simple moving average of $23.06 and a 200 day simple moving average of $24.10.

Pacific Premier Bancorp (NASDAQ:PPBI) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of ($17.00) million during the quarter, compared to the consensus estimate of $169.50 million. Pacific Premier Bancorp had a return on equity of 7.50% and a net margin of 24.75%. During the same quarter last year, the company earned $0.77 EPS. On average, research analysts forecast that Pacific Premier Bancorp, Inc. will post 1.96 EPS for the current year.

Pacific Premier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.96%. The ex-dividend date was Thursday, February 8th. Pacific Premier Bancorp’s dividend payout ratio (DPR) is presently 440.00%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PPBI. TheStreet downgraded Pacific Premier Bancorp from a “b-” rating to a “c+” rating in a report on Monday, January 29th. Wedbush cut their target price on shares of Pacific Premier Bancorp from $31.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 30th. Raymond James reaffirmed an “outperform” rating and issued a $29.00 price target (up from $26.00) on shares of Pacific Premier Bancorp in a research report on Tuesday, January 30th. Stephens restated an “equal weight” rating and set a $28.00 target price on shares of Pacific Premier Bancorp in a research note on Tuesday, January 30th. Finally, StockNews.com raised Pacific Premier Bancorp to a “sell” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.60.

Insider Activity

In other Pacific Premier Bancorp news, Director Barbara Polsky bought 1,200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of $23.92 per share, with a total value of $28,704.00. Following the completion of the purchase, the director now directly owns 14,507 shares in the company, valued at approximately $347,007.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.21% of the company’s stock.

About Pacific Premier Bancorp

Pacific Premier Bancorp, Inc operates as the bank holding company for Pacific Premier Bank that provides various banking products and services in the United States. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real estate secured, and small business administration (SBA); revolving lines of credit, term loans, seasonal loans, and loans secured by liquid collateral; one-to-four family and home equity lines of credit loans; and small balance personal unsecured loans and savings account secured loans.